There are few aspects of people's lives that are not touched by social media. Social media outlets like Facebook and Twitter have changed people's everyday lives and brought people closer together. This change also extends to many New Jersey businesses, some of which have been fundamentally altered by the rise of social media. With this evolving landscape comes new business litigation as companies adjust to the new medium.
As Facebook prepares its initial public offering in the stock market later this spring, it's facing a steady stream of lawsuits from old friends, collaborators and others claiming to have an interest in the social networking site. This type of commercial litigation is fairly common before a company files an IPO. The question is whether the lawsuits are legitimate.
It seems from the time Facebook Inc. was founded, Mark Zuckerberg, has been under the lens of legal scrutiny. As a result Zuckerberg and Facebook are no strangers to breach of contract claims. Paul Ceglia, a man from New York, claims that a contact allegedly created in 2003 entitles him to half ownership of the social media company. Recently, Ceglia lost his third legal team after he allegedly told the legal team to violate a court order.
Cameron and Tyler Winklevoss are not ready to give up their fight against Facebook founder Mark Zuckerberg for allegedly stealing their idea to create a social networking site. According to Bloomberg Businessweek, the twins have appealed the decision of a three-judge appeals court panel and asked that the case be reviewed by a larger panel of judges of the U.S. Court of Appeals in San Francisco.
As noted in a previous post, three former Harvard colleagues of Facebook founder and CEO Mark Zuckerberg have been continuing to pursue litigation against Zuckerberg even though they settled a lawsuit against him in 2008.
Millions of people in America use social media to communicate. Both workers communicating with colleagues and businesses crafting their brand use the same social media sites. The extent to which businesses can restrict employees' speech online is being tested in the courts right now. A case settled at the beginning of February began to lay out with more definition what businesses can and cannot include in their Internet policies for employees.
The previous post began to discuss the continuing legal saga between Mark Zuckerberg's Facebook and the Winklevoss twins as it was discussed in a recent piece in The New York Times. Cameron and Tyler Winklevoss claim that Mark Zuckerberg stole their idea for an online social networking site while the three were students at Harvard. Also involved in the litigation is Divya Narendra.
The recent movie, "The Social Network," delved into the business dealings and disagreements that have surrounded the formation and growth of the wildly successful Facebook. The film also told the story of the Winklevoss twins, Tyler and Cameron, who contend that Mark Zuckerberg stole their idea for an online social networking site when he created Facebook.